Build Your Failure Resume

Summary

• I want you to build your failure resume. Embrace failures because they teach valuable lessons.
• I've lost money on my first two real estate deals and almost lost all the money I put in. Remember, early failures are common and part of the journey.
• Losing money on crypto and making millions in bad hires were tough lessons. Learn from past mistakes and refine your strategies.
• I've had six failed businesses and nine failed partnerships. Understand that failure is often a stepping stone to success.
• The best entrepreneurs in the world have the biggest failure resumes. Don’t be afraid of failure; it builds resilience.
• You're not going to hit it out of the park on the first shot. Persistence is key to achieving success over time.
• The remarkable thing about success is that you only need to win once. Keep pushing forward and seize opportunities when they arise.

Video

How To Take Action

I would suggest you start by building your "failure resume." This means writing down all the times you’ve failed or things didn’t go as planned. It might feel weird at first, but this exercise helps you realize that everyone makes mistakes. Each entry is a lesson, showing you what not to do next time.

A good way of reflecting on your past is to review where things went wrong in previous projects or decisions. Did you lose money because of something you could have foreseen? Make notes and use it to refine your future strategies. This can be done in a day with minimal cost, but it offers huge returns in learning.

If you're an entrepreneur, expect some of your ventures to not work out. I've had multiple failed businesses and partnerships. This is normal. So, start a new project knowing that each attempt, success or failure, is a step closer to your goal.

Also, don't be afraid to take calculated risks. Whether it's trying a new marketing strategy or testing a product idea, there's value in the experience itself. Progress often comes through persistence, not perfection.

Finally, remember you only need to win once. Keep pushing forward, seize opportunities, and stay resilient. Your next big break could be just around the corner, and all these failures are just paving the path to success.

Full Transcript

I don't even want you to win I want you to build your failure resume I lost money on my first two real estate deals I ever did almost lost all the money I put in I've lost money on crypto I've lost millions in bad hires I've had six failed businesses I've had nine failed Partnerships the best entrepreneurs in the world have the biggest failure resumes you're not going to hit it out of the park on the first shot but the crazy thing about how success works is that you only need to win once